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Gold Silver Prices
MCX Gold is likely to trade with a bullish bias this April as long as prices sustain above Rs 59,800; Pivot point for Silver is Rs 73,800.
The near term bias for MCX Gold April futures is likely to remain bullish as long as the commodity sustains above Rs 57,100.
The MCX Gold futures may test near term-resistance around Rs 56,170 - Rs 56,250; whereas, Silver futures may test Rs 64,930 - Rs 65,300.
In case of a pullback, the immediate resistances for Gold and Silver futures are placed at Rs 56,050 and Rs 64,580, respectively.
The weekly chart suggests, sustained break and trade below Rs 55,900, can trigger a fall in Gold futures towards the Rs 54,000 level.
On the downside, the Rs 56,235-level is the key support for Gold futures, below which a prolonged consolidation phase seems likely.
The price of 22-carat gold was down by Rs 500 from yesterday's close to Rs 53,100 per 10 grams
The price of 22-carat gold also remained unchanged from yesterday's closeand it was trading at Rs 52,650
The price of 22-carat gold was trading at Rs 52,650
The price of 22-carat gold also increased by Rs 400 per 10 grams from yesterday's close
The overall bias for Gold prices likely to remain bullish as long as Gold sustains above the Rs 55,700 - Rs 55,400 support zone. This week, Silver prices may look to retest the Rs 70,000-mark.
22-carat gold continued trading at yesterday's close of Rs 52,000
22-carat gold continued trading at yesterday's close at Rs 52,200
The price of 22-carat gold rose Rs 190 from yesterday's close to Rs 52,200
The overall bias for Gold remains bullish, with near support seen at Rs 55,900 level. The Bollinger Bands indicate a likely trading range of Rs 2,000-odd points for the MCX Silver March futures.
In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold was selling at Rs 51,600 and Rs 56,290, respectively
The price of 22-carat gold fell Rs 150 from yesterday's close to Rs 51,300
The price of 22-carat gold fell Rs 150 from yesterday's close to Rs 51,450
22-carat gold was selling at Rs 51,600 per 10 grams
22-carat gold was selling at Rs 51,300 per 10 grams